Shine Resunga Development Bank Improves Major Finance Indicators

Aug 05, 2022 11:12 AM Merolagani

Shine Resunga  Development Bank (SHINE) has published its fourth quarter report of the last FY. As per the report, the bank has managed to improve all major financial indicators during the period.

The bank earned net profit of Rs 645.2 million which is 28.10 percent growth compared to Rs 513.7 million of the corresponding period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit. The bank logged distributable profit of Rs 470 million in the review period.

During the period, the net interest income increased by 24.44 percent while its net fee and commission income decreased by 1.72 percent. Similarly, its total operating income increased by 20.87 percent and operating profit by 28.39 percent.

The bank’s paid-up capital increased by 10.93 percent and reserve fund by 12.61 percent during the period. In the review period, the bank increased deposit collection by 22.20 percent and loans by 18.23 percent.

The bank has logged EPS of Rs 17.07, P/E ratio of 17.28 times and net worth per share of Rs 143.03.


comments powered by Disqus

Himalayan Distillery Improves Major Indicators

Aug 14, 2022 11:25 AM

Himalayan Distillery (HDL) has published its fourth quarter report of the last FY. As per the report, the company managed to improve its net profit with minimal margin in the period compared to the corresponding period of the previous FY.

Api Power Increases Net Profit

Aug 16, 2022 10:38 AM

Aviyan Laghubitta allots IPO

Aug 15, 2022 09:42 AM

HIDCL Improves Net Profit

Aug 15, 2022 10:29 AM

Investing Message to my friends

Aug 14, 2022 01:31 PM